117-3-03 Audit contract standards.

Independent public accountants performing audits under contract pursuant to section 115.56 or section 117.11 of the Revised Code shall follow the auditing standards prescribed in the contract and standards appropriate for the engagement in performing such audits. The contract shall incorporate the request for proposals, request for quotes, or invitations to bid, the response from the independent public accountant, and the memorandum of agreement.

Replaces: 117-3-03

Effective: 11/16/2015
Five Year Review (FYR) Dates: 08/28/2015 and 11/06/2020
Promulgated Under: 117.20
Statutory Authority: 115.56, 117.43
Rule Amplifies: 115.56, 117.43
Prior Effective Dates: 9/24/1984, 12/23/1984, 7/1/2000